Indian Market Outlook: June 23, 2021

 

NIFTY is likely to open positive.

It is likely to remain between our short term levels.


NIFTY short term support is between 15560-15610 and resistance is between 15850-15900.


BANKNIFTY short term support is between 34210-34310 and resistance is between 35450-35550.


Max pain for NIFTY has increased to 15700.

Max pain for BANKNIFTY has increased to 34900.

Max pain for USDINR has increased to 74.25.


Can look for Short PUT/Long CALL on drop.



Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Under control.
2. Monthly Stock option strategy positional trades: Under control.
3. Monthly Stock Covered CALL positional trades: Under control.
4. Monthly NIFTY Covered CALL positional trades: Under control.







Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-earnings-based-options-strategy-in-ongc-7072801.html

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